Bill Text: NY A08207 | 2019-2020 | General Assembly | Introduced


Bill Title: Relates to operational expenses of certain gaming facilities.

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Introduced - Dead) 2020-01-08 - referred to ways and means [A08207 Detail]

Download: New_York-2019-A08207-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________

                                          8207

                               2019-2020 Regular Sessions

                   IN ASSEMBLY

                                      June 7, 2019
                                       ___________

        Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
          tee on Ways and Means

        AN ACT to amend the tax law, in  relation  to  operational  expenses  of
          certain  gaming  facilities;  and to amend part I of chapter 61 of the
          laws of 2017 amending the tax law relating to operational expenses  of
          certain  gaming facilities, in relation to extending the provisions of
          such part

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section 1. Subparagraph (i) of paragraph 1 of subdivision b of section
     2  1612  of the tax law, as amended by section 1 of part I of chapter 61 of
     3  the laws of 2017, is amended to read as follows:
     4    (i) less ten percent of the total revenue  wagered  after  payout  for
     5  prizes to be retained by the division for operation, administration, and
     6  procurement  purposes,  provided, however, a vendor track located within
     7  Oneida county, within fifteen miles  of  a  Native  American  class  III
     8  gaming  facility,  that  has maintained at least ninety percent of full-
     9  time equivalent employees as they employed  in  the  year  two  thousand
    10  sixteen, may withhold up to seventy-five percent of such funds for oper-
    11  ational  expenses  [upon  a  determination by the gaming commission that
    12  such funds are necessary to sustain operation of such vendor track], and
    13  provided further, however, that the maximum vendor fee for  such  vendor
    14  track  shall  not  exceed the vendor fee that such vendor track received
    15  during state fiscal year two thousand fourteen--two thousand fifteen  as
    16  such  fee  is adjusted for horsemen's share, marketing expenses, capital
    17  awards and administrative fees;
    18    § 2. Section 3 of part I of chapter 61 of the laws  of  2017  amending
    19  the  tax  law relating to operational expenses of certain gaming facili-
    20  ties, is amended to read as follows:
    21    § 3. This act shall take effect immediately and shall  expire  and  be
    22  deemed repealed [two years after such date] March 31, 2021.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11912-04-9

        A. 8207                             2

     1    §  3. This act shall take effect immediately; provided that the amend-
     2  ments to subparagraph (i) of paragraph 1 of  subdivision  b  of  section
     3  1612 of the tax law made by section one of this act shall not affect the
     4  expiration of such subparagraph and shall be deemed to expire therewith.
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